Income Protection Task Force has confirmed the Seven Families project has now got the funding required to proceed
With the confirmation so far of 17 companies backing Seven Families, including backing the project financially, The Income Protection Task Force (IPTF) has confirmed today with their support that the project is on course to begin in September as planned.
The 17 companies confirmed so far are: Ageas Protect, Aviva, British Friendly, Canada Life, Cardif Pinnacle, Ellipse, Exeter Friendly, Friends Life, Hannover Re UK Life, LV=, Pacific Life Re, PruProtect, RGA, Scor, Scottish Widows, Unum and Zurich.
Peter Le Beau, chairman of the IPTF, said: “We are thrilled that the seven families idea will now become a reality. We have a wide range of companies supporting us and I would like to thank everyone who has been involved so far in helping to unite the industry for this project.
“We continue to welcome additional support and would ask any interested parties to contact us. A lot of hard work has already been done, but the real work starts now.”
The first feedback meeting for supporting companies takes place later this month, followed by the first planning workshop in July.